The Hartford Expands Construction Group

Tom Boudreau joins The Hartford as vice president of construction insurance

HARTFORD, Conn.--(BUSINESS WIRE)-- The Hartford has enhanced its Construction Group capabilities, bringing together its expertise in underwriting, claims management and loss control, and adding dedicated construction underwriters in key markets across the U.S. These enhancements support The Hartford's focus on addressing the complex insurance needs of midsize and large construction companies.

Tom Boudreau, vice president of construction insurance at The Hartford. (Photo: Business Wire)

To lead the company's insurance underwriting and sales for the construction sector, The Hartford has named Thomas M. Boudreau vice president of construction insurance, reporting to Ross Fisher, vice president of The Hartford Construction Group and Bond.

"As the outlook for commercial construction continues to improve, The Hartford is well-positioned to be a go-to carrier for midsize and large commercial contractors," said Fisher. "Tom brings deep knowledge of the construction industry, a strong risk management focus, and outstanding relationships with the agents and brokers who specialize in this sector, which will be invaluable in growing our construction business."

Boudreau joins The Hartford from AIG, where he held roles of increasing responsibility in both underwriting and field sales during the last 10 years, including vice president of the company's largest U.S. region, representing more than 50 commercial insurance lines. Most recently, Boudreau served as AIG's construction industry practice leader and primary construction profit center manager for the U.S. and Canada. He began his insurance career as a commercial field underwriter with Allstate.

The Hartford Construction Group is a premier provider of property and casualty insurance and risk management services for midsize and large construction companies, with a focus on heavy trade contractors, commercial builders and sub-contractors. The Hartford offers guaranteed cost, loss sensitive and wrap-up insurance programs and comprehensive claims and loss control services to help construction companies manage their total cost of risk.

With more than 200 years of expertise, The Hartford (NYS: HIG) is a leader in property and casualty insurance, group benefits and mutual funds. The company is widely recognized for its excellence, sustainability practices, trust and integrity. More information on the company and its financial performance is available at www.thehartford.com.

HIG-M

Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our Quarterly Reports on Form 10-Q, our 2012 Annual Report on Form 10-K and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.